Choice Hotels International
pressed ahead with its $8 billion hostile bid for
Wyndham Hotels & Resorts on Monday by nominating a slate
of directors to replace Wyndham s eight-member board,.
Choice Hotels International: It is Choice s latest attempt to break a stalemate after trying for most of the last year to negotiate a deal with Wyndham, which has rebuffed the bid as low-premium and fraught with antitrust risk. Wyndham has also raised concerns about the combined company carrying too much debt and a slowdown in Choice s business.
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Choice Hotels International pressed ahead with its $8 billion (€7.3 billion) hostile bid for Wyndham Hotels & Resorts on Monday by nominating a slate of directo.